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Featured

Liberalism In The Progressive -- And In The Larger -- Sense

by Peter Berkowitzvia Real Clear Politics
Saturday, June 8, 2019

The term “liberalism” ranks among the most contested in our political lexicon. It should also be regarded as among the most vital. In the large sense, liberalism names the modern tradition of freedom. Liberalism so understood was the dominant strand in our nation’s founding. Appreciating the standard accusations against it and why it is worthy of defense is crucial to conserving the best of the American constitutional tradition.

In the News

Europe Is Slowly Recognizing The New Contours Of World Power

quoting Timothy Garton Ashvia The National
Saturday, June 8, 2019

Pinpointing the most significant meeting of world leaders in the northern hemisphere last week was not an easy task. The impressive gathering of western allies to mark the 75th anniversary of the D-Day landings in Britain and France may be the first thing to spring to mind.

Featured

Decades Of Being Wrong About China Should Teach Us Something

by Amy Zegart quoting Michael Spencevia The Atlantic
Saturday, June 8, 2019

Thirty years ago this week, I watched the news from Beijing and started shredding my bedding. It was the night before my college graduation, I had been studying Chinese politics, and news had broken that college students just like us had been gunned down in Tiananmen Square after weeks of peaceful and exhilarating democracy protests—carried on international TV. In the iconic square where Mao Zedong had proclaimed the People’s Republic decades before, bespectacled students from China’s best universities had camped out, putting up posters with slogans of freedom in Chinese and English. A “goddess of democracy” figure modeled after the Statue of Liberty embodied their hopes—and ours—for political liberation in China.

In the News

Happy Anniversary, Economy! (Maybe. Sort Of. On Second Thought … )

quoting Robert E. Hallvia The New York Times
Saturday, June 8, 2019

Imagine that you’re about to celebrate a big anniversary, but start running into unnerving problems. First, you don’t know exactly when you should celebrate. Or, really, whether you should celebrate at all — and you won’t have a reliable answer for months, maybe years.

Interviews

Former U.S. Ambassador Michael McFaul: US-Russia Relationship

quoting Michael McFaulvia Salon
Saturday, June 8, 2019

Hoover Institution fellow Michael McFaul discusses Russia's relationship with the US as well as what happened in the 2016 election.

In the News

A Party Switch That Triggered A Confirmation Landslide

mentioning Michael McConnellvia National Review
Friday, June 7, 2019

In addition to the anniversary of D-Day, June 6 also marks the date on which Senator Jim Jeffords of Vermont switched parties to hand Senate control to the Democrats.

In the News

Dishonesty Now Biggest Threat To Democracy

quoting William Damonvia Newsday
Friday, June 7, 2019

Two inter-related issues — highlighted in two feedbacks I have received over the past six months — should be addressed as a matter of priority and urgency. The first one is do with what one mobile money transfer platform has given rise to or morphed into — a replica or clone of the Old Mutual-implied interbank rate.

Analysis and Commentary

Americans Are Real Victims Of Our Trade War With Mexico And China

by Markos Kounalakisvia Miami Herald
Friday, June 7, 2019

America has declared war on China and Mexico, but it is a new style of warfare. Or at least it seems so. With the latest volley of levied and threatened tariffs on Chinese and Mexican exports, POTUS has thrust the U.S. into a new phase of economic warfare against both competitors and friends.

In the News

Trump Blames Mexico For A Problem With No Borders

quoting George P. Shultzvia The Washington Post
Friday, June 7, 2019

The United States and Mexico are squaring off in a tense showdown entirely of President Trump’s making. Following a tweeted announcement from the president, the Trump administration is readying a 5 percent tariff on $350 billion worth of Mexican goods imported into the United States. Trump threatened the punitive measure as a result of Mexico’s supposed inability to thwart flows of migrants making their way north. U.S. and Mexican officials met in Washington this week to hash out a deal that would dispel the possibility of a new trade war. At the time of writing, there was cautious optimism that the impasse could be breached.

Analysis and Commentary

Futures Forecasts

by John H. Cochrane via Grumpy Economist
Friday, June 7, 2019
Torsten Slok at DB updates this lovely graph on occasion. Here's what it means. Fed fund futures are essentially bets on where the Federal funds rate will be at various points in the future. Thus, you can read from the dashed lines the market's guess about where the federal funds rate will go -- assuming that the bets are priced to have an even chance of winning or losing.

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